529 College Savings Plans FAQ

What is the fee for a 529 distribution? The fee for a 529 distribution is $50.

Does ASC Trust handle Coverdell Education Savings Accounts? No. ASC Trust does not administer Coverdell accounts.

If a godparent opens a 529 for a godchild, will it affect the child's financial aid eligibility? No. A 529 account opened by a godparent is considered a gift and is not counted as an asset of the child. Only a 529 plan in a parent's name is considered an asset for financial aid purposes.